New benchmark captures performance of top 20 digital assets, providing clarity on market health and broader adoption trends.
Cryptocurrency market data provider CoinMarketCap launched the CoinMarketCap 20 Index (CMC20 Index), designed to measure the performance of the 20 most significant cryptocurrencies on its platform.
The CMC20 Index excludes fiat-pegged stablecoins, derivative products, and assets with limited investability. It is weighted by market capitalisation and rebalanced monthly to ensure it reflects the latest market conditions. Index levels are refreshed every five seconds and priced in US dollars, with a base level of 100 set on 1 January 2024.
“The CMC20 Index is a powerful addition to our existing suite of benchmarks, designed to give users a more practical and investable view of the top crypto assets, and a simple way to gain exposure to the broader market,” said Rush Luton, CEO of CoinMarketCap.
The index builds on the success of the CoinMarketCap 100 Index, offering investors and analysts a representative snapshot of the market’s largest cryptocurrencies. While not directly tradable, CoinMarketCap is working with partners to explore investable products based on the index.
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